Terms And Conditions

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Leasing in SG

  • PRODUCT
    • A Complete embedded renewable energy solution using products such as Smart Hump, Solar Power, Wind Power, and Power Maximizer to provide the client with green power supply either off-grid or grid-tied solution ( generally for any installation Less than 1 MW no Licence required, for more info please https://www.ema.gov.sg/Electricity_Embedded_Generators.aspx (https://www.ema.gov.sg/Electricity_Embedded_Generators.aspx) )
    • The specification of the electricity supplied complies with EMA Singapore specification, 3 phase, 415V, AC, 50 Hz.
    • Meanwhile we are ready to supply our clients with any specs they need to comply with their grid specs in the relevant country.
    • Minimum capacity we supply is 100 kW.
  • PRICE AND COST
    • Price stated in Sales Quotation is valid only for 4 weeks upon submission to customer.
    • For Power Purchase Agreement (PPA) term varies from 5-20 years. Contracted capacity is required and annual consumption of electricity price per kWh is subject to an annual increase (please send us a RFQ for details).
    • For any PPA there is Refundable Security Deposit depends on the monthly consumption to be paid upon the client’s acceptance of the sales quotation.

      Terms & Security Deposit Required (applies to peak capacities of 100~500kW)

      Is calculated based on the tariff rate set by SP Services and is reviewed each quarter, regulated by the EMA to calculate the value of the Refundable security deposit.

      https://www.ema.gov.sg/Residential_Electricity_Tariffs.aspx (https://www.ema.gov.sg/Residential_Electricity_Tariffs.aspx)

      ( Note : For any PPA there is added value to total monthly consumption should be added according to the provided contracted capacity, this value depends on the capacity in kW).

    • The Price stated in the Sales Quotation does not include the following:
      • cost for power transmission (cabling) from the green power generator (i.e our feeding point, our system) to the client nearest DB Distribution Board at the client’s premises which depend on the distance from our feeding point to the client’s chosen panel. (we recommend this distance not exceed 200 meter)
      • In Case of using the smart HUMP, the civil works for installation of the Smart Hump is at client own cost and expense.
      • P.S: we provide all our full consultancy support for such local jobs and installation and we provide our engineers for supervision to ensure the installation is complying with our specs.

  • PAYMENT
    • Irrevocable Transferable Letter of Credits (LC) in the favour of TRANSKINECT PRIVATE LIMITED to our appointed bank in Singapore.
      • Payment Schedule
        • 50% upon quotation approval
        • 25% upon shipping
        • 25% upon installation & commission
    • For any PPA monthly electricity bills to be paid within 30 days from the date of issuance.
    • All cheque payments are to be made to TRANSKINECT PRIVATE LIMITED or Direct Credit or Giro to the appointed bank.
    • An interest of 2% per month will be imposed for late or overdue payment.
  • ORDER CONFIRMATION AND DELIVERY
    • All sales orders either purchase or Power Purchase Agreement (PPA) need confirmation by Transkinect Private Limited and are non-returnable.
    • There is a Lead time of 2-6 months depending on current production plans upon client’s acceptance and received of the Refundable Security Deposit/down payment.
  • LIABILITY
    • All needed permissions whenever required should be carried out by the client, such as excavation permission and power transmission.
    • Transkinect will engage the client to determine which power transmission solution more suitable, whether offgrid or grid-tied is decided on a case by case basis.
    • Transkinect does not bear any financial or technical liability on incorrect data on power load or consumption or other renewable sources such as Solar or Wind or traffic data provided by the client.
    • Transkinect Private Limited will not be liable for any delay due to unforeseen circumstances including, but not limited to, natural disaster, delay in shipment, strikes, and accidents.
  • WARRANTY
    • For Leasing and PPA (for Singapore only)
      • For any sold system we provide 3 years warranty from the commission date.
      • All equipment and components are fully owned by Transkinect Private Limited
      • Transkinect Private Limited does not cover equipment damage or malfunction resulting from misuse, abuse, accident, external electrical fault, acts of God, and defect resulting from using incompatible hardware, and/or non-authorized alteration, modification and upgrade.
      • Transkinect engineering team should have access to the installed system in/within the client’s premises to undertake preventive maintenance, any necessary technical follow up and regular inspection to ensure the system is working.
      • Any Electricity Bill charges from the grid due to system downtime or maintenance will be paid fully by us to the retailer within 30 days.
      • Security Deposit will be fully returned upon PPA expiration
  • EARLY TERMINATION CHARGES
    • Applied when the client decide to terminate the PPA agreement.
  • REFERRAL BENEFIT
    • Client who refers any sealed deal with a minimum of 100 kW installations & PPA of not less than 5 years will be granted 1-month free electricity consumption capped at S$5,000, whichever amount is lower.
    • These conditions and the contract is valid in Singapore only and shall be subject to and construed in accordance with Singapore Law.

    Acknowledged By

    • Company Name:
    • Name & Signature:
    • Co. Stamp & Date:

    *Transkinect Private Limited reserve the right to amend/change the Term & Condition without prior notice.

  • Standard Terms and Conditions Example

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